Jones Lang LaSalle agrees to buy Staubach Co.

Jones Lang LaSalle, a national real estate firm with a major presence in Greater Boston, said it will pay $613 million over five years to buy the Staubach Co., a real estate firm founded by former football star Roger Staubach.

(At right, a file photo of Staubach from his football glory days.)

In April, the Postal Service selected Jones Lang LaSalle, a Chicago-based real estate money management and services firm, to develop the annex site that the service will vacate, 16 acres on Fort Point Channel in a rapidly developing section of downtown near South Station.

Two years ago, Jones Lang LaSalle bought Spaulding & Slye, a well-known name in the local real estate industry that had worked on such projects as Fan Pier on the South Boston waterfront and NorthPoint, a mini city under construction in East Cambridge.

According to a press release from Jones Lang LaSalle and the Dallas-based Staubach Co., the Staubach Co. is a national real estate services firm specializing in tenant representation.

The firms said in their release: "The combined firm will operate under the Jones Lang LaSalle brand. The transaction does not include Staubach Real Estate Services or Cypress, Staubach's investment development business."
(By Chris Reidy, Globe staff)